It could be seen in the 2021 Annual Report put out by the Huntsville Area Association of REALTORS (HAAR) last week, and it is confirmed in more depth in the 2021 Huntsville Development Review put out by the City of Huntsville’s Long-Range Planning Division this week — Huntsville is on a growth trajectory comparable to the city’s namesake Rocket City – that is, headed straight upward in dramatic fashion.
Among the document’s many highlights, there was a 62.8% year-over-year increase in residential building permits; a 76.7% year-over-year increase in residential certificates of occupancy; and a 37.4% year-over-year increase in permits to add or make improvements to existing single-family structures.
The review shows 4,731 multifamily units were approved by the Huntsville Planning Commission; 4,198 single-family residential units were sold in the Huntsville city limits last year; and the average price per square foot for a single-family home was $138.38.
Furthermore, there were 708 nonresidential (commercial, office, industrial, etc.) building permits issued in 2021, and 772 housing units added in Huntsville since 2020.
Huntsville Mayor Tommy Battle said the report’s findings provide a snapshot into Huntsville’s dramatic growth.
“The Huntsville Development Review confirms what we’ve known all along – Huntsville is a strong, healthy community primed for continued success,” he said. “From day one, we’ve set ourselves apart by focusing on smart, manageable growth. We will continue our focus on achieving and handling our growth in infrastructure, housing, jobs and quality of life.”
Published by the City of Huntsville for the public to view, the 2021 Huntsville Development Review is an annual compilation of construction and real estate data, records from North Alabama Multiple Listing Service (NALMLS), and contributions from staff members in the Long-Range Planning, Planning Services, Community Development and Geographic Information Systems (GIS) departments.
“The annual Development Review is truly a team effort,” said city planner James Vandiver. “We hope the public finds the report useful, especially as citizens consider buying or selling property, building new structures in or moving to Huntsville.”
The document can be downloaded here.
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